Telecom Plus (LON:TEP) Issues Quarterly Earnings Results

Telecom Plus (LON:TEP) posted its earnings results on Tuesday. The company reported GBX 31.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Telecom Plus had a return on equity of 31.35% and a net margin of 3.48%.

Telecom Plus Stock Down 0.7%

LON:TEP opened at GBX 1,604 on Thursday. Telecom Plus has a 52-week low of GBX 1,580 and a 52-week high of GBX 2,100. The company has a debt-to-equity ratio of 77.52, a quick ratio of 1.29 and a current ratio of 1.77. The stock has a 50-day simple moving average of GBX 1,791.35 and a 200 day simple moving average of GBX 1,890.89. The company has a market cap of £1.28 billion, a PE ratio of 16.87, a PEG ratio of 2.86 and a beta of 0.57.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TEP. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,600 price objective on shares of Telecom Plus in a research report on Tuesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,600 price target on shares of Telecom Plus in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 2,600.

Telecom Plus Company Profile

Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands.